VanEck Agribusiness ETF (NYSEARCA:MOO) Sees Significant Drop in Short Interest

VanEck Agribusiness ETF (NYSEARCA:MOO) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 48,431 shares, a decrease of 56.3% from the April 15th total of 110,806 shares. Based on an average daily volume of 342,193 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On VanEck Agribusiness ETF

Several large investors have recently bought and sold shares of MOO. Retirement Financial Solutions LLC bought a new stake in VanEck Agribusiness ETF in the first quarter valued at approximately $11,613,000. Krilogy Financial LLC bought a new stake in VanEck Agribusiness ETF in the fourth quarter valued at approximately $6,724,000. Keudell Morrison Wealth Management bought a new stake in VanEck Agribusiness ETF in the first quarter valued at approximately $5,835,000. M&T Bank Corp increased its stake in VanEck Agribusiness ETF by 648.5% in the fourth quarter. M&T Bank Corp now owns 77,330 shares of the company’s stock valued at $5,629,000 after purchasing an additional 66,998 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in VanEck Agribusiness ETF in the first quarter valued at approximately $2,970,000.

VanEck Agribusiness ETF Stock Performance

NYSEARCA:MOO traded down $0.81 during trading hours on Friday, hitting $81.16. The stock had a trading volume of 294,424 shares, compared to its average volume of 418,193. VanEck Agribusiness ETF has a one year low of $69.32 and a one year high of $86.56. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 19.69 and a beta of 0.73. The business’s 50 day moving average is $83.28 and its 200-day moving average is $78.86.

VanEck Agribusiness ETF Company Profile

Market Vectors Agribusiness ETF (the Fund) replicates as closely as possible the price and yield performance of the DAXglobal Agribusiness Index (DXAG). DXAG, calculated by Deutsche Borse AG, is a modified market capitalization-weighted index consisting of publicly traded companies engaged in the agriculture business that are traded on global exchanges. DXAG provides exposure to companies worldwide that derive at least 50% of their revenues from agriculture business. Companies eligible for inclusion in DXAG should have market capitalization exceeding $150 million; should have worldwide daily average trading volume of at least $1 million over past six months and in each of the past two months, and should have maintained monthly trading volume of 250,000 shares over past six months.